European Shares Set To Follow Asian Peers Higher In Cautious Trade

(RTTNews) - European stocks are likely to open higher on Tuesday as investors cheer an extended rally on Wall Street, fueled by surging technology stocks.

Microsoft Corp. and Intel Corp. will unveil their earnings results this week that will help shape the outlook for the technology sector.

Asian markets were seeing modest gains in thin holiday trade, though Japan's Nikkei climbed around 1.7 percent as exporters surged on a weaker yen.

The dollar index traded weak and Treasury yields extended recent declines amid bets for less-aggressive rate hikes from the Federal Reserve.